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"Security of property rights is a pretty compelling public interes."

Is it really? You seem to be saying that public property is sacred. If that is true its the only thing ever. Everything else has "within reason" attached to it, why not property rights.

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I’m not saying public property is sacred. I’m not saying private property is sacred either. But security of private property is a big deal and shouldn’t be messed with for reasons that are too incoherent to be called an argument. Far better to increase the corporate tax rate than to just take people’s stuff. We can adjust the tax rate up and down. The government messing with property rights is a lot more durable. You can destroy a lot of trust very quickly and it takes a long time to build it up again.

Property rights are the foundation of our society. If your stuff can be summarily taken off you without consequence (branded 'haircut', 'nationalise','theft' etc) then you are strongly disincentivised to accumulate stuff. Capitalism folds and those who want better quality of life go elsewhere.

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